NEW YORK, July 30, 2013 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential securities fraud claims on behalf of investors of Orthofix International N.V. ("Orthofix" or the "Company") (NASDAQ: OFIX).
On July 29, 2013, Orthofix announced that it is postponing the release of its financial results for the second quarter of 2013 and its previously announced conference call. The Company explained that additional time is needed to review matters relating to revenue recognition practices for prior periods, and the Audit Committee, along with help from outside professionals, has commenced an internal investigation into these issues.
Following this news, on July 30, 2013, Orthofix's stock dropped $4.46 or 16.28% to close at $22.94.
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If you invested in Orthofix stock or options and would like to discuss your legal rights, visit www.faruqilaw.com/OFIX. You can also contact us by calling Richard Gonnello or Francis McConville toll free at 877-247-4292 or at 212-983-9330 or by sending an e-mail to firstname.lastname@example.org or email@example.com. Faruqi & Faruqi, LLP also encourages anyone with information regarding Orthofix's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.
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FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Richard Gonnello, Esq.
Francis McConville, Esq.
Telephone: (877) 247-4292 or (212) 983-9330
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